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News Details

14/12/2022 12:50

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KFIN Technologies announces launch of initial public offering

KFIN Technologies Ltd. has announced public offering of 40983607 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 356.00 per share. The gross proceeds of the issue are expected to be Rs 1,50,000.00 lakhs.

The company's initial public offer (IPO) will open on 19 December 2022 and is expected to close on 21 December 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 347.00-366.00 per share.

The IPO includes a fresh Issue of 40983607 Equity Shares of the Company at an price of Rs 366.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 40 shares with bids in multiples of 40.

KFIN Technologies Ltd. anticipates using the proceeds of the issue for .

ICICI SECURITIES LTD,JP Morgan India Private Limited.,Jefferies India Pvt. Ltd.,Kotak Mahindra Capital Company Limited,IIFL Securities Limited as lead manager(s) & Bigshare Services Private Limited. is the registrar, to the issue.